Share on

It sure is nice to have some type of road map to the market – some reason why the market may move up or may move down and then with this analysis the ability to enter the market at a most opportune time to minimize risk and maximize reward. Wouldn’t you agree? If you haven’t implemented volume analysis in your methodology – why not? Day trading the CL or any market with volume is greatly enhanced with your volume profile glasses on. Watch the video below and if you would like to log in to our trading room just send me a note – it’s free!

Here is a copy of chat room transcript (names have been truncated to protect the profitable – lol)

[8:51:49 AM] Val Trader: it will be telling if we get back under 31
[9:09:25 AM] Val Trader: where the rubber meedts the road here
[9:12:42 AM] Val Trader: setup nicely for short we will see
[9:21:11 AM] Val Trader: if anybody took magenta you in the money – i did not 🙁[9:27:06 AM] Val Trader: im being careful of long here
[9:48:48 AM] Val Trader: i dont’ know why im thinking short
[9:49:03 AM] Val Trader: got to get my head screwed on right today
[9:51:59 AM] Val Trader: gonna be alot of stops beneath 25 i think
[10:06:24 AM] Val Trader: trend line is pt1
[10:10:42 AM] Val Trader: anybody trading ?
[10:11:19 AM] brad: yep, nicely positive on ES and Ive almost dug myself out of CL
[10:11:43 AM] Val Trader: should have taken that magenta at support earlier – didn’t do my premarket this morning
[10:11:48 AM] Richard: I’m short might add on with green set up
[10:12:17 AM] Val Trader: big rich you holding for some vpoc nakedness below
[10:12:41 AM] Richard : Weel might just go flat
[10:12:46 AM] Val Trader: lol
[10:13:12 AM] brad: see if we can break .03s
[10:13:29 AM] Val Trader: prolly retrace a bit but look at how the vwap bands are starting to slope – a good entry will be around the cyan first standard dev of vwap of we get there and still have slope
[10:16:07 AM] Richard: Good idea, think I’ll go flat and wait for the retrace and check it when I get to work. Have good day and weekend all
[10:16:46 AM] brad: you too, seeya rich
[10:17:48 AM] Val Trader: see you rich
[10:23:18 AM] Val Trader: see if volume moves down tot his area
[10:24:01 AM] Val Trader: market is testing value
[10:26:54 AM] brad: looks like we’re just bouncing between +1sd and -1sd
[10:31:58 AM] Val Trader: short on rejection of vah
[10:32:26 AM] Val Trader: target is naked vpoc – CMON BABY
[10:32:29 AM] Val Trader: lol
[10:32:47 AM] brad: heh, what price is that at?
[10:33:05 AM] Val Trader: 9581
[10:34:08 AM] Val Trader: might test it again who knows
[10:34:12 AM] Val Trader: this fickle beast
[10:35:17 AM] brad: CL feels really weird today, we have great volume, over 100k, but the speed of orders is reallllly slow
[10:35:53 AM] brad: prob because the Nymex traders staying at home
[10:35:53 AM] Val Trader: yes i am trading only 2’s today
[10:36:12 AM] Val Trader: up 103 ticks but it hasn’t been easy – my first few trades were small losers
[10:37:07 AM] Val Trader: we must stay beneath this area if we are going short
[10:41:37 AM] Val Trader: could be a nice short here
[10:48:16 AM] Val Trader: KAPOWIE!
[10:49:54 AM] Val Trader: see what i mean? fickle
[10:50:08 AM] Val Trader: i just sold eleventymillion contracts
[10:50:17 AM] Val Trader: it should go down
[10:50:20 AM] brad: lol
[10:54:07 AM] Val Trader: CMON REJECT IT
[10:54:08 AM] Val Trader: DO IT
[10:54:11 AM] Val Trader: lol
[10:55:07 AM] Val Trader: brownchickenbrowncow
[10:56:24 AM] brad: hehe, one of these shorts has to pay off
[10:59:21 AM] Val Trader: break that tl like yo mean it
[10:59:46 AM] Val Trader: lol or not
[11:00:05 AM] Val Trader: still nice slope on nlma
[11:00:21 AM] Val Trader: here it comes
[11:00:50 AM] brad: there we go!
[11:01:30 AM] Val Trader: im gonna dev trail this down to target or get stopped
[11:01:57 AM] Val Trader: wish we had some slope
[11:04:04 AM] brad: jeez guess I spoke too soon
[11:04:39 AM] Val Trader: that’s what a stop away from the market is for so we don’t get hung up on these pullbacks
[11:04:57 AM] brad: where do u have your stop at?
[11:05:06 AM] Val Trader: 25
[11:14:41 AM] Val Trader: dev3 baby
[11:14:47 AM] Val Trader: better go now
[11:14:53 AM] Val Trader: or i will cry
[11:18:04 AM] brad: come on .80s
[11:18:53 AM] Val Trader: this one will do your time in a winning trade some wonders
[11:19:32 AM] bra: ya, seriously
[11:19:49 AM] Val Trader: going on a half hour now
[11:20:39 AM] brad: entered at .35 @10:44 (I think that is chicago time though)
[11:20:42 AM] Val Trader: test backside of tl and then crash
[11:21:00 AM] Val Trader: 1046 for me
[11:22:34 AM] brad: hopefully can break through the 00s
[11:24:00 AM] Val Trader: prolly spend some time here get some volume in the mix and then PLUMMET
[11:24:17 AM] Val Trader: getting some vwap slope is always nice
[11:26:37 AM] brad: have u moved your stop ? Im at .17 now
[11:26:51 AM] Val Trader: 12 is d3
[11:27:05 AM] Val Trader: taking profit at 86
[11:27:20 AM] Val Trader: then i have a lunch date
[11:28:20 AM] Val Trader: YEAH BABY
[11:28:22 AM] brad: bamm
[11:28:31 AM] brad: awesome way to end the day
[11:28:32 AM] Val Trader: nice trade and nice wya to hold
[11:28:57 AM] Val Trader: should have taped that one

Blogroll

U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This, and all other information on our website, is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.